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Finance for non finance professionals

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Finance for non finance professionals

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For full text article go to : https://www.educorporatebridge.com/finance-for-non-finance/finance-for-non-finance-professionals/
This article on Finance for Non Finance Professionals will help you to gain basic finance knowledge, accounting concepts and better understanding of financial statement required for growth of your organization.

For full text article go to : https://www.educorporatebridge.com/finance-for-non-finance/finance-for-non-finance-professionals/
This article on Finance for Non Finance Professionals will help you to gain basic finance knowledge, accounting concepts and better understanding of financial statement required for growth of your organization.

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Finance for non finance professionals

  1. 1. Finance for Non Finance Professionals ~edu CBA
  2. 2. In today’s rapidly changing business world, you need to stay updated than ever before. Also recent development in economy has made it necessary for the non-finance professionals to gain knowledge of finance which will help in analyzing business opportunities and business decisions.
  3. 3. • Asset • Liability • Book Value • Market Value • Depreciation • Amortization • Fiscal Year • Account Receivables • Account Payables • Revenue • Expenses
  4. 4. Asset An asset is an economic resource that a company owns. e.g. Machinery Liability A liability is legal obligations of organization which arising from its past actions. e.g. Loan
  5. 5. Book value Book value is the amount of an asset or liability shown on the company’s books or statement Market value Market value is the current value of the asset or liability.
  6. 6. Depreciation Depreciation is reducing value of tangible asset over period of time or over the useful life of the asset. Account Receivables Accounts receivable are the amount which company received from their customer for services which they have been provided Amortization Amortization is reducing value an intangible asset over the useful life of the asset. Account Payables Accounts payable are amounts which company owes because it purchased goods or services on credit from a supplier or vendor.
  7. 7. Revenue Revenue is sale, or any income received, in simple word we can say that it is income that flows into a company. Expenses Expenses are costs that are incurred or required to run business.. Fiscal year Fiscal year A company’s financial reporting year.
  8. 8. Businesses record their financial or other performance in standard structure or statements called financial statements. Businesses record their financial or other performance in standard structure or statements called financial statements. Financial statements include important information about the organization's financials. This information is important for shareholders, stakeholders, vendors, customers, government and company management itself. Mainly there are three basic Financial Statements: • Income Statement • Balance Sheet • And Cash Flow statement
  9. 9. Cash Flow Statement Income Statement It measures a company's financial performance and shows profitability over a specific period. Income Statement also called Profit and Loss, Statement of Earnings or Statement of Operations. Cash flow statement provides information about cash receipts and payments during specific period of company. It provides information of cash on the basis of its operating, investing, and financing activities. Balance Sheet Balance sheet includes companies or entity’s assets and liabilities (financial position) at the end of the day at specific date. It shows financial position of company at the end of year or specific date. It is also known as a Statement of Financial Position.
  10. 10. Ratio analysis is a technique use to interpret the financial statements. It involves comparison for a meaningful interpretation of the financial statements. Ratios can be used to evaluate four different areas of company’s performance and conditions. Compares two financial statements to determine dollar and percentage changes. Techniques of Financial statement Analysis Shows relationship of each item to a base amount on financial statements.
  11. 11. Knowledge is like a line with no ends… To know more on this topic click on the link below... https://www.educorporatebridge.com/finance-for-nonfinance/finance-for-non-finance-professionals
  12. 12. Be a part of edu CBA Family!!! Visit our website https://www.educorporatebridge.com/ For Free Resources https://www.educorporatebridge.com/free-courses/ Like us on Facebook https://www.facebook.com/CorporateBridgeGroup Follow us on Twitter https://twitter.com/corporatebridge
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